The deadline for loan applications to be filed is June 25, 2012. Applicants must be able to provide documentation of losses, payments, insurance benefits and other compensation for production losses.

Shroeder said farmers who suffered a qualifying production loss of at least 30 percent from normal and are unable to get credit elsewhere, may apply for reduced interest loans to cover up to 100 percent of their losses. The loans carry a 3.75 percent interest rate. To qualify for physical losses, there does not have to be a qualifying loss amount.